The Drewry World Container Index grew 8% WoW to $2,233 last week, the first gain in five months.

• China to US routes saw large gains likely due to the trade deal over the May 10-11 weekend: Shanghai-LA (+16% WoW) and Shanghai-NY (+19% WoW).
• Following the latest US–China trade developments, Drewry expects an increase in Transpacific spot rates in the coming week due to shortage in capacity.